Self Storage Group

Regulatory Filings • Dec 8, 2021

Self Storage Group ASA - Acquisition of new property in Arendal, Norway

Self Storage Group ASA - Acquisition of new property in Arendal, Norway

(Oslo, December 8th 2021) Self Storage Group ASA (Self Storage Group, OSE:SSG)

has entered into an agreement to acquire a property in Molandsveien 339 in

Arendal, Norway. The transaction has a value of NOK 7.1 million. The property

has a potential lettable area of 850 square meters. The facility is projected to

open in Q4 2022, and will be operated under the OK Minilager brand.

"The property is located in Arendal, close to the E-18 highway. With this

investment we will strengthen our number one position in the City of Arendal,

and the Agder region. This acquisition is in line with our strategy to grow our

freehold portfolio in selected markets. There is a growing demand for our

services, as urbanization and smaller living spaces cause an increasing need for

external storage solutions says Fabian Søbak", Chief Executive Officer of Self

Storage Group.

Self Storage Group ASA engages in the business of renting out self-storage units

to both private individuals and businesses through the two concepts; OK

Minilager and City Self-Storage. The company is one of the leading self-storage

providers in Scandinavia with a particularly strong position in the Norwegian

market. Self Storage Group operates 126 facilities across Scandinavia with a

current lettable area of 165 300 square meters as of Q3 2021.